9 months on rocket

5937 Mormon Tea Way, Reno, NV, 89511

$394,000

0.89 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
ViewCity, Golf Course, Mountain(s), Valley
MLS #240001756
Lot Size0.89 Acres
StatusActive
(ACTIVE)

About 5937 Mormon Tea Way

This VIEW parcel is perfect for anyone looking for a spacious and private lot with stunning views. The lot overlooks the entire Truckee Meadows area as well as the City of Reno, providing breathtaking views in all directions. This parcel is located in the desirable guard gated community of Arrowcreek, known for its excellent amenities and views. This lot backs to Washoe County BLM land ensuring privacy and seclusion. It also has only one possible neighbor, so you can enjoy peace and quiet.

Property Details

Property Features

Listing Office:

  • Office Name: Engel & Volkers Lake Tahoe
  • Office Phone: (775) 588-7710
  • Listing Agent: Cheenu Sandhu

Exterior Features

Exterior Information:

  • View: City, Golf Course, Mountain(s), Valley
  • Exterior: None

Lot Features

Lot Information:

  • Lot: Sloped Up, Desert
  • Lot Size: 0.89 Acres

Other

Directions Information:

  • Directions: Arrowcreek, Winding Ridge, Mormon Tea

Price Information

Listing Price Info

Price Summary:

  • List Price: $394,000

HOA Fees:

  • Amount: $317
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,027
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Reno, NV.

Med. Sold Price

$573.8K

Med. Price/SqFt

$326

Avg. Days On Market

90

# of Sold Homes

240

5937 Mormon Tea Way vs Reno

277 DAYS ON ROCKET

+187 Days

$394,000

-$179.8K Less

KEY TAKEAWAY

This property is $179.8K less than the Median Sold Price in Reno, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #240001756

Listing Office:

  • Office Name: Engel & Volkers Lake Tahoe
  • Office Phone: (775) 588-7710
  • Listing Agent: Cheenu Sandhu

IDX Copyright © 2024 Northern Nevada Regional MLS. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information is supplied by seller and other third parties and has not been verified.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/4/2024, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 07, 2015Home Sold
$100,000
Jun 25, 2012Home Sold
$47,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,027$44,171
2019$917$39,686
2018$876$38,191
2017$841$35,226

History based on county public records data.

Payment Calculator

$2,351

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,248

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-62160
8
/10
  • Ted Hunsburger Elementary School

  • 2505 Crossbow Ct

  • 2.17 miles

  • Public Magnet Grades KG-5

school-card-donut-62161
8
/10
  • Elizabeth Lenz Elementary School

  • 2500 Homeland Dr

  • 3.12 miles

  • Public District Grades KG-5

school-card-donut-62162
6
/10
  • Huffaker Elementary School

  • 980 Wheatland Rd

  • 3.51 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $127,667. The majority of Reno, NV residents have income between $100k-200k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5937 Mormon Tea Way

What is the listing price of this property?

The listing price of 5937 Mormon Tea Way property is $394,000.

What type of property is this?

The property 5937 Mormon Tea Way is land located in Reno, Nevada, 89511.

Is this property for sale now?

Active Listing: 5937 Mormon Tea Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,027 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 7, 2015 for $100,000. (source: MLS/tax record).

How much acreage is this property?

The property 5937 Mormon Tea Way is 0.89 acres.
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Rocket HomesNevadaWashoe CountyReno895115937 Mormon Tea Way

This home is located at 5937 Mormon Tea Way in Reno, NV and zip code 89511. This home sits on a 0.89 acre lot. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $394,000.

In November 2024 more than 43 listings in Reno, NV were sold above the asking price. During the same period more than 66 listings were sold at asking price, while more than 131 were sold below. The number of listings in Reno, NV decreased by 3.6% between October 2024 and November 2024. Listings spent 90 days on the market in November 2024, and had a median list price of $573,827 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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